On January 1, 2022, Coronado Corporation purchased 5,900 shares of treasury stock. Other information regarding Coronado Corporation is provided as follows. 2021 2022 Net income $118,000 $129,800 Dividends on preferred stock $35,400 $35,400 Dividends on common stock $23,600 $29,500 Weighted-average number of common shares outstanding 59,000 53,100 Common stockholders' equity beginning of year $708,000 $885,000 Common stockholders' equity end of year $885,000 $979.400 (a) Compute earnings per share for each year. (Round answer to 2 decimal places, e.g. 10.50) Earnings per share 2021 10.40 2022 10.13